The image sensor market published by MarketsandMarkets is projected to grow from USD 18.5 billion in 2020 to USD 28.0 billion by 2025, at a CAGR of 8.6 % from 2020 to 2025. The growth of the of the image sensor market is attributed to the rise in use of image sensors in improved medical imaging solutions and increased adoption of image sensor-based cameras in autonomous vehicles.

By technology, the CMOS image sensor segment is projected to showcase the fastest growth from period 2020 to 2025. The growth of this segment can be attributed to the increasing sales of image sensors across the world and their rising adoption in cameras of smartphones. The smartphone manufacturers are focusing on incorporating highly efficient camera systems in their products, which can capture high-quality, close to real-life images. CMOS image sensors are compact with low power consumption that makes them suitable for smartphone applications.

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Based on resolution, the more than 16 MP segment accounted for the largest size of the image sensor market in 2019. The growth of this segment can be attributed to the increased use of these high-resolution image sensors in smartphones. For instance, Samsung (South Korea) offers Samsung S20 ultra with 6 cameras having 108 MP resolution for 100X zoom. Similarly. Huawei Technologies Co., Ltd. (China) offers its Huawei P40 Pro smartphone with 50 MP resolution. Several companies that offer mid-range smartphones are offering camera setups with high resolution.

Based on array type, the area image sensors segment is projected to lead the image sensor market from 2020 to 2025. The growth of this segment can be attributed to the increased adoption of area image sensors in smartphones, tablets, automobile cameras, and surveillance cameras. These imager sensors have low power consumption and offer features such as color noise reduction (CNR), high-dynamic range (HDR), and backside illumination (BSI).